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Collecting Buffalo Silver Rounds

By Edited Oct 27, 2013 0 1

In today's uncertain economic environment, Buffalo Silver Rounds have quickly become one of the most popular options for investors who are interested in adding physical silver to their investment portfolio without paying the high premiums that are tacked onto other silver bullion investments such as silver eagles. This is due to the fact that buffalo silver rounds are not produced by the United States Mint, but are instead produced by private mints. Buffalo silver rounds usually sell for prices fairly close to the value of the amount of silver bullion that they contain.

Silver rounds closely resemble silver coins in their appearance. They are classified as rounds simply due to the fact that they are not official currency and do not display any monetary value. They are almost always minted for future investment purposes and generally have little or no rarity value. The true value of silver rounds is found in their actual physical silver content. Typically, these bullion coins are minted in one ounce of .999 fine silver. This makes them comparable in size to the large United States silver dollar.

Their design reflects the popular Indian Head nickel, which is also called the Buffalo nickel. This coin was originally minted between the years of 1913 and 1938.

There are many benefits to looking into silver rounds as an investment vehicle as they are fairly easy to obtain, and can easily stacked, stored and counted. In recent times, silver buffalo rounds have become quite readily accepted by coin collectors, investors and dealers as a viable alternative to other silver bullion products that tend to fetch higher premiums. Many bullion investment experts believe that silver rounds are gaining popularity and may soon be as widely accepted as other official silver bullion investments.

The easiest way to determine the approximate value of silver rounds that you may own is to check the current spot price of silver. The spot price is the amount that wholesale buyers are currently paying for silver, while the spot ask is the amount that they are selling silver for. Now you will need to check on the current spot bid price that is listed in dollars per ounce. This amount changes daily, so it is essential to know what that amount is at the time that you will be selling (or even buying) your silver rounds. There are many resources for finding daily spot price quotes including newspapers and many financial websites online.

There are several reputable private mints that offer silver rounds for sale including manufacturers such as A-Mark, Sunshine Mining, U.S. Assay, Silvertowne, Engelhard, APMEX, Johnson Matthey, along with many other manufacturers of equal quality. Most all of these rounds are hallmark stamped with their exact stated purity of contained silver.

If you are interested in adding physical silver bullion to your portfolio, buffalo silver rounds can be a wise choice for those investors interested in paying lower premiums on their silver bullion investments, which leads to being able to afford more actual silver for your portfolio.






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Comments

Jan 12, 2010 3:14pm
projectmaster
great article might buy some Silver rounds
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